NORD/LB deepens Finastra partnership for lending modernisation

NORD/LB (Norddeutsche Landesbank Girozentrale) has expanded its partnership with Finastra as the German bank looks to modernise its corporate and syndicated lending infrastructure and improve digital servicing for borrowers.

The bank has planned to add Finastra’s Loan IQ Nexus integration layer and Loan Portal solutions to its existing Loan IQ environment, strengthening automation across lending workflows while simplifying system integrations and upgrades.

Andrew Bateman, EVP Lending at Finastra, said, “This expanded partnership with Nord/LB is core to our strategic principals of enabling customer success and innovation. As the lending market evolves at pace, our role is to make sure banks like NORD/LB can innovate and deliver best-in-class experiences to their customers. Together, we’re putting speed, transparency, and flexibility front and center for both the bank’s teams and for its customers.”

The move reflects broader investment across European banking in digitising commercial lending operations, where institutions are increasingly looking to reduce manual processing, improve operational efficiency and offer more streamlined borrower experiences.

“Our work with Finastra has always been about making things better for our clients and our teams,” said Philip Brand, who is responsible for lending applications at NORD/LB. “Loan IQ has been an important staple for our lending business, and now with Nexus and Loan Portal, we will reduce barriers, making lending easier for everyone. This expanded partnership with Finastra is about helping our people work smarter so our customers can get decisions and answers more quickly.”

Loan IQ Nexus will act as an integration layer connecting NORD/LB’s internal systems, allowing data to move automatically across platforms without repeated manual input. The bank expects this to reduce operational complexity, improve data accuracy and accelerate lending workflows.

Meanwhile, Loan Portal will provide corporate borrowers with a digital interface to apply for loans, upload documents and track application progress online. The platform is intended to reduce reliance on manual paperwork and offline communication, while improving transparency for clients throughout the lending process.

NORD/LB said the expanded technology stack would support lending operations across key sectors including renewable energy, commercial real estate and specialised finance.

The implementation is currently being planned, with deployment expected over the next two years. The initiative also highlights continued demand among banks for modular lending infrastructure that can support ecosystem integration, digital servicing and scalable commercial lending operations.